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To: Uncle Frank who wrote (40460)3/15/2001 4:34:46 PM
From: stockman_scott  Respond to of 54805
 
The Leading Momentum Investing Fund Family now has Value Funds <G>...

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Janus to Launch Global Value Fund in Retail Class

Thursday March 15, 2:48 pm Eastern Time
Morningstar.com
By Catherine Hickey

Janus is set to launch a no-load version of its most recent entry in the value-investing arena.

The Denver-based firm filed plans with the Securities and Exchange Commission Thursday to start a retail version of its new Janus Global Value Fund. If approved, the new fund will launch May 31.

Jason Yee, who rejoined Janus in April 2000 after having served as an analyst at the firm from 1992 to 1996, will manage the new offering.

This news comes on the heels of Janus' filing with the SEC last month to launch Global Value funds in its Adviser and Aspen channels. Janus Adviser Global Value will be sold through financial planners and advisors, while Janus Aspen Global Value will be for institutional investors and 401(k) plans. Those funds are set to launch May 1.

The introduction of the Global Value Fund signals Janus' interest in diversifying beyond its laserlike focus on growth investing. As some Janus growth funds have gotten clobbered this year and in 2000, the firm is trying to build up some more conservative options that won't tank when technology does. However, investors shouldn't expect this offering to be loaded with slow-growing but cheap stocks. Instead, this fund will be run in a manner similar to the way David Decker runs Janus Strategic Value (NA: JSVAX). According to the new fund's filing, Yee will look for companies with strong free cash flows and returns on invested capital that he thinks are undervalued relative to their intrinsic values. This strategy leads Decker to eschew financials and to lean toward cash-rich businesses like media companies.>>